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20121108
20121108
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adds that rating services such as standard & poor's are already noting california's new income and viewing its financial outlook favorably. >> now the passage of both proposition 30 and san francisco's proposition a provides sorely needed funds to san francisco city college as well. prop 30 narrowly passed and measure a received more than 60% of the vote. but the school is in such dire straits that long-term problems will still taunt administrators for a while. nbc's barry santiago is at city college with more. this is a long time in the making, arturo. >> it is, jessica, but the good news is city college will not have to cut its entire summer session, spring classes or even declare bankruptcy. but even the people who run the school will tell you they are far from being out of the woods financially. san francisco city college was facing imminent financial disaster. it faced bankruptcy and loss of its accreditation. but the passage of proposition a and proposition 30, along with changes in the way the college operates, is keeping the school on life support. it still has major pr
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